Ecuador is a country in South America. The country's largest exports are oil and agricultural products such as bananas and seafood. [1] The COVID-19 pandemic in Ecuador and declining oil prices have greatly strained the business environment. [2]
For further information on the types of business entities in this country and their abbreviations, see "Business entities in Ecuador".
This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
| Name | Industry | Sector | Headquarters | Founded | Notes | Status | |
|---|---|---|---|---|---|---|---|
| Claro Ecuador | Telecommunications | Mobile provider & fixed line telecommunications |  Guayaquil | 1993 | Telecommunication operator | P | A |
| Corporación Favorita C.A. | Self-service stores | Department Store, Supermarket, and Hypermarket |  Quito | 1952 | Conglomerate service | P | A |
| Correos del Ecuador | Industrials | Delivery services | Quito | 1831 | Postal services | S | A |
| CNT EP | Telecommunications | Fixed line telecommunications | Quito | 2008 | State telecom | S | A |
| Ecua-Andino Hats | Consumer goods | Clothing & accessories | Guayaquil | 1985 | Hat makers | P | A |
| Ecuavisa | Consumer services | Broadcasting & entertainment | Quito | 1967 | Television programming | P | A |
| Marathon Sports | Consumer services | Specialty Retailers | Quito | 1981 | Sporting goods retailer | P | A |
| Petroecuador | Oil & gas | Exploration & production | Quito | 1989 | State oil and gas, OPEC member | S | A |
| TAME | Consumer services | Airlines | Quito | 1962 | Airline | P | D |
| Tía | Consumer services | Broadline retailers | Quito | 1940 | Food retailing (supermarket chain) | P | A |
| Tonicorp | Dairy products | Milk | Guayaquil | 1970 | Drinks | P | A |
The economy of Ecuador is the eighth largest in Latin America and the 69th largest in the world by total GDP. Ecuador's economy is based on the export of oil, bananas, shrimp, gold, other primary agricultural products and money transfers from Ecuadorian emigrants employed abroad. In 2017, remittances constituted 2.7% of Ecuador's GDP. The total trade amounted to 42% of the Ecuador's GDP in 2017.
The economy of Qatar is one of the highest in the world based on GDP per capita, ranking generally among the top ten richest countries on world rankings for 2015 and 2016 data compiled by the World Bank, the United Nations, and the International Monetary Fund (IMF). The country's economy has grown despite sanctions by its neighbors, Saudi Arabia and the United Arab Emirates. Mainly because the country exports primarily to Japan, South Korea, India and China, making the sanctions effectively redundant as neither Saudi Arabia nor the United Arab Emirates have imposed trading penalties such as tariffs or embargoes on any of these countries for trading with Qatar, or offering incentives such as discounts for their own energy exports to reduce Qatari exports.
The economy of Saudi Arabia is the second-largest in the Middle East and the seventeenth-largest in the world. The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.
The economy of Norway is a highly developed mixed economy with state-ownership in strategic areas. Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the industrial era. The country has a very high standard of living compared with other European countries. Norway's modern manufacturing and welfare system rely on a financial reserve produced by exploitation of natural resources, particularly North Sea oil. Among OECD nations, Norway has a highly efficient and strong social security system; social expenditure stood at roughly 22.6% of GDP.
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The economy of Bolivia is the 95th-largest in the world in nominal terms and the 87th-largest in purchasing power parity. Bolivia is classified by the World Bank to be a lower middle income country. With a Human Development Index of 0.703, it is ranked 114th. Driven largely by its natural resources, Bolivia has become a region leader in measures of economic growth, fiscal stability and foreign reserves, although it remains a historically poor country. The Bolivian economy has had a historic single-commodity focus. From silver to tin to coca, Bolivia has enjoyed only occasional periods of economic diversification. Political instability and difficult topography have constrained efforts to modernize the agricultural sector. Similarly, relatively low population growth coupled with low life expectancy has kept the labor supply in flux and prevented industries from flourishing. Rampant inflation and corruption previously created development challenges, but in the early twenty-first century the fundamentals of its economy showed unexpected improvement, leading Moody's Investors Service to upgrade Bolivia's economic rating in 2010 from B2 to B1. The mining industry, especially the extraction of natural gas and zinc, currently dominates Bolivia's export economy.
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